The Social Educational And Religious State Of The Manufacturing Districts With Statistical Returns Of The Means Of Education And Religious Instruction Two Letters To Sir Robt Peel With An Appendix Containing A Letter To Lord Wharncliffe On Sir Jas Grahams Factory Education Bill Etc

Author : Niall Ferguson
Publisher : Cambridge University Press
ISBN 13 : 9780521894227
Total Pages : 560 pages
Book Rating : 4.8/5 (942 download)

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Download or read book Paper and Iron written by Niall Ferguson and published by Cambridge University Press. This book was released on 2002-11-07 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few economic events have had a more profound or enduring impact than the German hyperinflation of 1923, still remembered popularly as a root cause of Hitler's rise to power. Yet many historians have argued that inflationary policies were, on balance, advantageous to post-1918 Germany, both boosting growth and helping to reduce reparations. The scholarly consensus is that there was no viable alternative to inflation. In Paper and Iron Niall Ferguson takes a different view. He argues that inflation was indeed an economic and political disaster, and further that there were alternative economic policies which could have stabilised the German currency in 1920. To explain why these were not adopted he points to long-term defects in the political institutions of the Reich which went back as far as the 1890s and which persisted beyond 1918. The book therefore reveals the Wilhelmine origins of Weimar's failure, as well as casting light on the origins of the Third Reich.